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  • Thumbnail for HOW PACE AFFECTS PERFORMANCE: AN ANALYSIS OF THE EFFECT OF CORPORATE SOCIAL RESPONSIBILITY ENGAGEMENT STRATEGY ON FINANCIAL PERFORMANCE
    HOW PACE AFFECTS PERFORMANCE: AN ANALYSIS OF THE EFFECT OF CORPORATE SOCIAL RESPONSIBILITY ENGAGEMENT STRATEGY ON FINANCIAL PERFORMANCE by Maslow, Aaron

    Numerous studies have analyzed the relationship between a firm’s corporate social responsibility (CSR) and its corporate financial performance (CFP). This study observes the effects of CSR engagement pace on CFP, which is measured by both growth in pre-tax return on total earnings assets and Treynor risk-adjusted return. Using multiple ordinary least squares (OLS) models, this study finds no significant relationship between CSR engagement pace and CFP in five of the six models. This result is similar to the majority of previous studies, where the results indicate no significant relationship exists between CSR and CFP.